Gold Outlook: XAU/USD Closes Below 4,000 for the First Time Since October - FOREX.com

Gold Outlook: XAU/USD Closes Below 4,000 for the First Time Since October - FOREX.com

Source: FOREX.com

DW NOTE

Gold dropped below $4,000 for the first time since October — a 24% fall from January's $5,318 peak — despite ongoing wars in Gaza and Ukraine, a collapsing US-Iran ceasefire, and CPI still running at 3.88%. Markets have decided geopolitical risk is theater and inflation is yesterday's problem. One of those assumptions will cost someone dearly.

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